Jim Grant on the Libor Scandal

July 15, 2012 8:12 pmby

Live from New York: In 2008, a Barclays employee told the NY Federal Reserve that the bank, as well as other firms, were underreporting LIBOR. Timothy Geithner, the 2008 head of the NY Fed, is now under scrutiny and lawmakers are urging a probe of LIBOR regulators. But why is there so much outrage over LIBOR manipulation when central banks manipulate interest rates every day? We will hear from Jim Grant, editor and founder of Grant’s Interest Rate Observer, in our sit-down interview.